NVIDIA Q1 Revenue Surges 262% YoY, Returns $11.5 Billion to Shareholders

Key Highlights

• Q1 revenue of $26 billion, up 18% sequentially and 262% year-over-year
• Strong growth in data center and gaming segments
• Non-GAAP earnings per diluted share of $0.68, up 11% from Q4 and 152% YoY
• Share repurchases and cash dividends totaling $11.5 billion during the quarter

Revenue Growth across Segments

NVIDIA's revenue growth was driven by strong demand for its chips used in data centers and gaming devices.

• Data center revenue increased 35% sequentially to $3.86 billion.
• Gaming revenue grew 14% sequentially to $1.83 billion.

Financial Performance

NVIDIA's non-GAAP earnings per diluted share exceeded expectations, increasing by 11% from the previous quarter and 152% YoY. The company also returned a significant amount of cash to shareholders.

• Share repurchases and cash dividends totaled $11.5 billion.

Market Expectations

Analysts are keeping a close eye on NVIDIA's upcoming earnings report, as the company's performance is seen as an indicator of the broader AI industry. However, some experts express doubt about a post-earnings rally.

Conclusion

NVIDIA's Q1 results demonstrate the company's continued growth and dominance in the AI chip market. The company's strong financial performance and return of capital to shareholders reflect its confidence in its future prospects.